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25.02.2013 _________________________________________________________________________________ I. ALLGEMEINRussia pardons debt to Mozambique and Russian companies set up partnerships Russia’s Foreign Affairs minister, Sergei Lavrov, announced a debt pardon to Mozambique of US$144 mil-lion, which will now be used for cooperation between the two countries, the Mozambican press reported. At the end of a meeting with his Mozambican counterpart Oldemiro Balói, the Russian minister noted a signifi-cant presence of equipment from the Soviet Union and Russia in Mozambique’s armed forces in order to call
for greater cooperation in the military sector between the countries. This was the first visit by a Russian Foreign Affairs Minister to Mozambique following decades of a spe-
cial relationship between post-independence Mozambique and the Soviet Union. As part of this visit a part-nership agreement was signed in Maputo between Russian group Renova, Multinet Moçambique and Rus-sian group Multinet to explore the Mozambican and Southern Africa communications markets, focusing on broadband and fibre optic Internet and television. As part of this partnership, which outlines investments of between 30 and 50 million euros, the Multinet group, which specialises in broadband Internet services and the Renova group (fibre optics) will explore those market segments via Multinet Moçambique. (Macauhub) Multinet is a group of international companies operating in the telecommunications sector in Asia, Africa and Latin America. It was founded in 2000 and its business is focused on providing broadband Internet services in developing countries. The Renova group of companies is one of Russia’s top ten private groups and is present in the Southern Africa mining sector, via the United Manganese of Kalahari company. (Macauhub) II. WIRTSCHAFTSLAGE ----- III. SEKTOREN

ROHSTOFFE Producing Gas and Protecting Biodiversity in Mozambique Last week I was in Pemba, a sleepy port town in northern Mozambique, which is waking up quickly to the large scale gas development underway in the region. The high profile player is Anadarko, but others such as ENI, Petronas and Statoil are also active. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27701&tipo=one Coal India Invites cos (Chance Of Success) to take up Drilling Mines in Mozambique The development comes at a time when the coal producer is facing problems in enhancing coal production and the country is facing shortage of the fossil fuel. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27671&tipo=one Launch of Sasol and Mineral Resources' Bursary Partnership Mozambique’s Ministry of Mineral Resources and Sasol have partnered to provide bursaries to Mozambican students to study engineering, science and commercial disciplines at leading universities in South Africa and Mozambique. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27653&tipo=one Beacon Hill gets Boost in Mozambique Shares in Beacon Hill Resources (BHR) soared 25% on news that its wholly-owned subsidiary, Minas Moatize Limitada (MML), had received its 500,000 tonne Sena rail line allocation. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27630&tipo=one Standard Bank to finance mining sector in Mozambique Mozambican state mining company Empresa Moçambicana de Exploração Mineira (EMEM) and Standard Bank Moçambique have signed a deal to promote the mining sector in Mozambique by funding projects in the country, according to Mozambican daily newspaper Notícias. Under the terms of the agreement, Stan-dard Bank Moçambique will provide EMEM with consulting and intermediation services, as well as advising on the infrastructure needed to maximise the potential of mining projects in Mozambique. The chief execu-tive of Standard Bank Moçambique, António Coutinho, said that the partnership, through which the bank will put its entire range of services at the disposal of the customer, was a recognition of the bank’s skills particu-larly in relation to raw materials. António Manhiça, the chief executive of EMEM, said that the agreement was intended to “set up an efficient state mining company, which works to benefit both Mozambique and the min-ing sector as a whole,” and added that it would also make it possible to set up a complete value change in the mining sector. According to Notícias, the Standard Bank group is the biggest investor in the African min-ing sector, and has projects in several countries, including Mozambique. EMEM is recently founded mining company, which is responsible for ensuring that Mozambique gets the maximum possible benefit from its natural resources. (Macauhub) Rio Tinto group’s project in Mozambique is not for sale The Rio Tinto group’s coal project in Mozambique will remain a group asset and there is no intention to sell it despite a write down of US$3 billion in its book value, said the group’s chief executive Sam Walsh. Walsh, who has replaced Tom Albanase as the group’s CEO, gave assurances that Rio Tinto would continue to work on judging the economic shape of the project. Cited by Dow Jones Newswires, Walsh said that the Tete province project was not included in the group’s divestment programmes. The Rio Tinto group acquired the coal project after paying US$3.7 billion to buy Australian group Riversdale Mining, which had the concession in Mozambique’s Tete province. At the time other large mining groups, such as Anglo American, did not take part in the race to buy Riversdale Mining due to the known logistics problems to transport the coal from where it is mined to Mozambique’s ports for export. (Macauhub) US oil group Anadarko Petroleum invests US$2.2 billion in Mozambique US oil group Anadarko Petroleum has so far invested US$2.2 billion in Mozambique in prospecting for oil and natural gas in Area 1 of the Rovuma basin, in the north of the country, according to a source from the group. Cited in “Mais Valia” the information bulletin of the Mozambique Tributary Authority the source said that the amount spent so far on prospecting significantly exceeded the company’s initial commitment, which was to invest US$465 million. The investment so far has had positive results as, the source said, the amount of gas in the block is estimated at over 50 trillion cubic feet, which means there are enough resources to ensure construction of a gas processing unit. The group was authorised in 2006 to prospect for hydrocar-bons under the terms of a license granted by the Mining Resources Ministry. Prospecting is at an advanced stage following 19 test drills. In the next two years, the group plans to build a natural gas liquefaction unit and in the medium term, within around six years, “we expect the first ship to export natural gas to leave the Rovuma basin,” the source said according to Mozambican news agency AIM. The project to build the natural gas processing unit is at the design stage, which also includes studies for economic, financial and techno-logical feasibility. The Mozambican oil block in question is operated by Anadarko Petroleum, which has a stake of 36.5 percent, and the remaining partners are Japan’s Mitsui & Co., with 20 percent, India’s Bharat Petroleum Corporation Limited and Videocon, with 10 percent each, Mozambique’s ENH has 15 percent and Thailand’s PTT, which owns 8.5 percent. Discoveries made thus far show the existence of over 100 trillion cubic feet of natural gas in the Rovuma basin, which means that Mozambique could become one of the world’s largest natural gas producers. (Macauhub) Part of Mozal’s production to be processed in Mozambique Part of the production of aluminium foundry Mozal will be processed in Mozambique under the terms of a contract signed with Midal Cabos, a company with investors from Bahrain, operating in the Beluluane Indus-trial Park, n Mozambique’s Maputo province, Mozambican daily newspaper Notícias reported. Under the terms of the contract Mozal will provide Midal with 50,000 tons of aluminium ingots to produce electrical ca-bles and other products with potential to support the automotive and construction industries. The Minister for Industry and Trade, Armando Inroga, said that in the mid term the agreement would have a significant im-pact on the Mozambican economy by reducing construction costs and due to replacing imported products with products manufactured locally. “We have been importing aluminium materials for sectors such as con-struction, electrical materials for electrification projects and even for the automotive sector, specifically hub caps,” the minister said. Midal Cabos is controlled by Midal Cables, a partnership set up in 1977 by Intersteel-Bahrain and Olex Ca-bles-Australia with its headquarters in Bahrain. (Macauhub) INFRASTRUKTUR, ENERGIE UND TELEKOMMUNIKATION Vale Declares "force Majeure" in Tete The Brazilian mining company Vale has declared a situation of "force majeure" in Mozambique's Tete prov-ince, making it impossible to honour its coal export contracts. http://allafrica.com/stories/201302200358.htmlATM: PolarSat tapped on Mozambique VSAT upgrade A VSATPlus3 satellite communications network to be installed in Mozambique will upgrade the air traffic control communications network and is a strategic element within Aeroportos de Mozambique master plan to improve its overall Communications, Navigations and Surveillance (CNS) systems. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27676&tipo=one Indian Firms to take Legal Route Against Mozambique Government State-run transport engineering consultant RITES Ltd and construction company Ircon Ltd have decided to start arbitration proceedings against Mozambique over a railway project that was taken away from them by the African nation’s government in an example of the political risks of doing business in countries prone to regulatory and regime changes. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27650&tipo=one Mozambique coal export railway remains shut after rains A railway line that is Mozambique's only available coal export route for mining giants Vale and Rio Tinto will remain shut at least until next week after heavy rains. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27710&tipo=one Jindal Power to Export First Mozambique Coal in March Despite Rail Woes Jindal Power & Steel expects to move the first coal from its Mozambican mine to port next month but how much those exports rise depends on fixing an underdeveloped rail and port network, its country head for Mozambique said on Wednesday. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27675&tipo=one Mozambique Seeks Saudi Energy Industry Expertise Saudi Arabian Petroleum and Mineral Resources Minister Ali Al-Naimi held talks with his Mozambican coun-terpart Esperanca Bias in Riyadh. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27698&tipo=one Demand for Electricity in Mozambique to Grow 14% a Year Reliable energy supply is critical to supporting the growing Mozambican economy. Most of the country lacks adequate electricity infrastructure to meet the escalating demand. Electricity infrastructure suffers from under investment, which has led to power outages and load shedding on a regular basis. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=mining&id=27632&tipo=one British group Beacon Hill Resources to transport coal in Mozambique along the Sena railroad British mining company Beacon Hill Resources has reached a provisional agreement with Mozambican state rail and port company Portos e Caminhos de Ferro de Moçambique (CFM) under the terms of which it will have the right to transport 500,000 tons of coal per year along the Sena railroad, the company said in a regu-latory filing. According to the statement issued via the Australian and London stock exchanges, Minas Moatize Limitada, the Mozambican subsidiary of the Australian company, the agreement signed by the Mo-zambican state company will be valid from April onwards. Beacon Hill is the concession holder of a coal block in the northern Mozambican province of Tete where its subsidiary has an open air mine which has, thus far, transported its coal by road to the port of Beira, in Sofala province. The provisional agreement is automatically renewable until the two sides sign a long term agreement and, according to the company’s chairman, Justin Farr-Jones, is recognition of the investment that Beacon Hill Resources is making in rolling stock in 2013. In the statement, the company also said that as of next April Minas Moatize Limitada would start operating with two trains, each with two locomotives and 42 trucks each with a capacity of 63 tons. Coal mined in Mozambique unable to be transported due to damage on railway line The Sena railway, which transports coal mined in Mozambique’s Tete province to the port of Beira, has been at a standstill since last week due to damage caused by flooding, according to the Mozambican press. The situation is making offi-cials at the subsidiaries of Brazilian company Vale and Anglo-Australian group Rio Tinto operating in the province “nervous” and as well as the rain there was a derailment last Tuesday. Losses resulting from acci-dents, from three derailments this year alone, ad natural disasters have already affected accounts and the companies’ commitments to their sales contracts, particularly to the Indian and Chinese markets. Until De-cember of last year the Brazilian mining company transported over 2 million tons of coal along the Sena rail-
road on 1,000 trains, whilst Rio Tinto transported 35,000 tons of coal. According to the Mozambican press officials from the Vale group are currently in Mozambique to assess the situation and the lack of infrastruc-ture and inefficiency of the Sena line and plan to “deal with this at the highest level soon.” As well as the 10 kilometres of railroad destroyed due to last week’s derailment, rains in Mozambique have led to huge losses on the line and in some places the water has washed away the rails, sleeper and ballast and even destroyed some small bridges. The Sena railroad has been under repair since last May, which is expected to cost US$45 million. (Macauhub) Pemba Airport in Mozambique undergoes refurbishment Pemba International Airport, in Mozambique’s Cabo Delgado province, has been undergoing remodelling and extension work, which began Tuesday and is expected t take around six months, said the head of the Office for Special Projects of state airport management company Aeroportos de Moçambique. According to daily newspaper Notícias, António Loureiro said that the project was part of the programme to modernise the country’s airport facilities, in order to respond to the demands of the international aviation market. The work will be carried out in two phases, the first of which will include extending the airport building, specifically the passenger departure and arrivals terminal, where the current arrivals and departure lounges will be split into two and increased in area to around 100 square metres. The second phase will focus on repairing the run-way and the airport apron. Loureiro also said that the work would cost around US$10 million that would be secured by taking on loans from local banks. Pemba airport receives around 100,000 passengers per year. (Macauhub) LANDWIRTSCHAFT UND FISCHEREI

Mozambique Without Adequate Financing for AgriBusiness The Beira Agricultural Growth Corridor (BAGC) group claims that there is not sufficient financing available for agribusiness growth in Mozambique. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27697&tipo=one Illegal Logging Costs Mozambique, Other Countries In Mozambique, Vanessa Cabanelas, a technical advisor for the group Environmental Justice, says the EIA findings come as no surprise. The EIA report says illegal logging has resulted in a loss of millions of dollars of potential revenue in Mozambique. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27680&tipo=one FINANZEN Mozambique Targets Gas Companies for Stock Exchange Listings Mozambique’s stock exchange may add five new listings by 2018, the first as early as this June, as compa-nies exploring for gas raise funding for projects, said Anabela Chambuca Pinho, chief executive officer of the bourse. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27684&tipo=one Mobile Money Opens Up New Opportunities for Mozambique's Small and Medium Businesses There is money in the air in Mozambique. The deputy prime minister Nick Clegg and I have just watched Nilza and Herculano transfer 100 meticais (about two pounds) via mobile phone. They may both be standing in front of us for this demonstration, but in a country where less than 12% of adults have a bank account, the benefits of these mobile money systems can be large. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27672&tipo=one TOURISMUS ------ STEUERFRAGEN

Assembly Asks Guebuza to Return Tax Bills Mozambican President Armando Guebuza has sent two tax laws passed last year by the country’s parlia-ment, the Assembly of the Republic, to the Constitutional Council, Mozambique’s highest body on matters of constitutional and electoral law, since there are fears that in their present form they are unconstitutional. http://www.clubofmozambique.com/solutions1/sectionnews.php?secao=business&id=27629&tipo=one IV. AUSSCHREIBUNGEN -----

The Investor – www.clubofmozambique.com The Investor is a free e-newsletter edited on a weekly basis in English. The publication, founded in 2006, has evolved into one of the prime newsletters for investors, businesses, government, and the development community in Mozam-bique. For more info, contact Adrian Frey at adrian.frey@clubofmozambique.com.

Macauhub – www.macauhub.com Macauhub is a free news service based in Macau which supplies economic information about the Great Delta region of the Pearl River, in the South of the People’s Republic of China, and the Portuguese-speaking countries in order to sup-port the governments, institutions and businessmen to understand the potential there is for business and investments.

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